Last September, the Spanish miners and improve working conditions for the pay talks to protest, photo shows a young boy wearing cap miners joined the protest against the team. (Picture)
makes the overall economic data is often difficult to understand intuitively the impact of the economic crisis, people feel the payroll world economic situation is a Recently, the International Labour Organization (ILO) released a report entitled
According to the report, the European countries and some major developed countries since 2007, wages declined significantly since the financial crisis, but thanks to strong economic and wage growth, wage growth in Asia's overall global
WASHINGTON According to reports, In 2008, the organization began publishing the Global salary survey.
report analyzes wage data from 115 countries, covering 94% of workers worldwide, representing 98.5% of the global total wages.
results show that in 2007, before the outbreak of the financial crisis, the global average growth rate of wages (excluding China) was 2.2%; while the 2008 and 2009, wage growth fell to 0.8%, respectively, and 0.7%.
include the world's major economies, the average wage growth rate of the Group of Twenty (excluding China) fell more significantly, from 1.8% to 2007 and 2009 in 2008 to 0.5%.
report points out that this is after deducting for inflation, real wages growth. If you do not take into account inflation, the nominal wage growth in 2009 will be even greater decline, but due to rapid decline in inflation over the same period, inflation rates in many economies, even negative, it barely makes a slight increase in real wages.
wage countries has shrunk
WASHINGTON report shows that while the overall global slowdown in wage levels, but countries are affected quite different.
worst affected by the crisis in Eastern Europe and Central Asia. Official data show that Eastern Europe and Central Asia, growth in real average wages in 2007, a staggering 17.0%, but was quickly dropped to 10.6% in 2008 to 2009, again declined to -2.2%.
Bureau of Statistics of the Russian Federation, the country's average growth rate of real wages have fallen sharply for two consecutive years, from 17.3% in 2007 down to 11.5% in 2008 and 2009 -3.5%.
major developed countries are not optimistic about the situation, the ILO statistics, the 28 developed countries, 12 countries in 2008 real wages fell in 2009, there were 7 countries decreased. Which was most severe in Japan, the actual average wage growth in 2008 and 2009 was -1.9% for two consecutive years.
2008, U.S. real average wage growth rate of -1.1%, but this data significant improvement in 2009, reaching 1.5%.
leader of the European economy, Germany has failed in the The report notes that as early as before the economic crisis, Germany is already declining wages in 2006 fell 0.9%, then gradually decline, although reduced, but never out of a downward spiral.
growth in Asia, WASHINGTON
rest of the world, According to the ILO on the situation in the region to track changes in wage statistics, from 2006 to 2009, Asia's average growth rate of real wages (including China) remain high at over 7% growth. 2007, 7.2%, 7.1% in 2008, 2009, increased to 8.0%.
But the report also pointed out that most of the growth of the Asian wage contributions from China, because China's total wages accounted for more than half of Asia's total wages. In the Philippines, Malaysia and Thailand and other Southeast Asian countries experienced negative growth in wages.
particular, the report pointed out that wage increases in India doing well. India's official data, the average annual wage growth rate in 2008 was 8.3%, the data even more than the average growth rate in Asia in 2008.
In addition, nearly 10 years of situation, wages in Asia since 1999 to 2009 doubled.
problem: differentiation aggravate
income inequality.
For developed economies, these countries since 1999, real wages increased by only about 5% of the total. Population decline, demographic aging, economic development, lack of motivation and new growth is deep-rooted reasons such as long-term wage levels of the root causes of stagnation or even retrogression.
report, the future recovery of the economy need to rely on the effective growth of family wage income in order to stimulate consumption, and lead the world economy out of its quagmire.
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